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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...
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Realme plans 55-inch Realme TV after selling 15,000 units in less than 10 minutes during first sale

Realme will soon launch a 55-inch premium smart TV in India. The company launched its first smart TVs in 32-inch and 43-inch screen sizes last week. The Realme TV went on sale for the first yesterday and now the company is already planning the third model. Madhav Sheth, CEO of Realme Mobiles, has hinted at the launch of a third TV in the current lineup. Sheth also revealed that Realme’s first TV models were sold out in 10 minutes during the first sale.

“Our exploration to offer smarter TVs has just started, and we won’t settle at these two sizes. The 55-inch TV is considered as premium and flagship size for TVs, so Realme is preparing to launch a brand new 55-inch TV to give users more ground-breaking experiences,” Sheth told IANS in an interview. However, he did not give away additional details of this television. Realme is currently offering the 32-inch TV for Rs 12,999 while the 43-inch model is priced at Rs 21,999.

In a tweet, Madhav Sheth confirmed Realme sold more than 15,000 units of Realme TV during the first sale. He added that Realme TV went out of stock in less than 10 minutes. “By far the Fastest Sale by any TV brand in BAU days,” he added in the tweet. While Xiaomi was quick to counter Sheth’s claim, it does highlight the demand for smart TVs in the country. Realme TV will go on sale once again via Flipkart and company’s own website again on June 9.

In order to strengthen its TV portfolio, Realme confirmed that it will soon begin local manufacturing its TVs. Sheth revealed that the company will set up an SMT (Surface-mount Technology) production line in the country. Since its entry in the country, the company has aspired to be a technology lifestyle brand. With the demand for its TVs and positive response to smartphones, Realme seems to be getting there. It has also introduced accessories like wearables and true wireless earbuds recently to compete in the market.



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